Riot announces acquisition of Bitcoin miner Block Mining

Riot Platforms announced its acquisition of Block Mining on July 23.
The bitcoin miner said the transaction involved $18.5 million in cash and $74 million in Riot common stock.
Riot will add 60 megawatts of capacity to its operational capacity, with a potential to grow that to over 300 MW. Riot Platforms has acquired Block Mining, a Kentucky-based Bitcoin mining firm in a cash plus stock deal totaling $92.5 million.
The acquisition will expand Riot’s operations, with 60 megawatts of capac